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$2,799,000
Reduced $151,000
-
beds
-
baths
2,328
sqft
For Details, Contact
Sea Glass Florida Properties

Description

***PRICE IMPROVEMENT*** ***SELLER FINANCING TERMS NOW AVAILABLE FOR QUALIFIED BUYERS*** Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community! This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% (pro-forma is conservatively estimated @ 70%) with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projections have been carefully & conservatively estimated in partnership with management company, available upon request. PROFORMA AVAILABLE ON REQUEST. This property is poised to deliver exceptional returns Day 1 with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. Major nearby development projects & tourist attractions strengthen the potential for both short and long-term appreciation; chiefly the recently approved $6.5 billion Downtown St. Pete project (the largest in Tampa Bay's history) which includes 8 million sq. ft. of mixed-use space and $1.3 billion Tampa Bay Rays stadium as its centerpiece. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 582 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out—schedule your private tour today!

Property Highlights

  • Acres: 0.11
  • County: Pinellas
  • Year Built: 1970
  • Cooling Type: Central Air, Zoned
  • Heating Type: Central
  • Property Type: Commercial, Hotel/Motel
  • MLS #: T3525965

General Information

Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Number of Lots 1
Property Subtype Commercial Sale
Property Type Hotel/Motel
Subdivision Boca Ciega Pass Sub
Taxes $11,398
Utilities Water Connected

Property Features

Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Basement Other
Community Features Sidewalks
Construction Materials Block, Stucco
Cooling Central Air, Zoned
Direction Faces West
Green Energy Efficient Thermostat
Has Basement Yes
Has View Yes
Heating Central
Interior Square Footage 2,328
Lot Size Acres 0.11
Lot Size Square Feet 4,661
Roof Membrane
Sewer Public Sewer
Stories Two
Water Source Public
Windows Window Coverings, Blinds, Insulated Windows, Window Treatments
$2,799,000
Reduced $151,000
-
beds
-
baths
2,328
sqft
For Details, Contact
Sea Glass Florida Properties
St. Pete Beach, FL
Treasure Island
Price Range
$244K-$5.5M
Treasure Island, Florida With its pristine white sand beaches, sparkling Gulf waters, and breathtaking sunsets, Treasure Island provides endless opportunities for outdoor recreation and relaxation. The island's charming downtown area boasts...
Location
9921 Gulf Boulevard, Treasure Island, FL 33706 Driving Directions
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Listed by Andrew Beltz, The Rand Wilson Group.
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